Question: PLEASE USE EXCEL FUNCTIONS AS INDICATED TO SOLVE FOR EACH ANSWER! 2 Face Amount 3 Number of Years: 4 Stated Interest Rate: 5 Interest payments

PLEASE USE EXCEL FUNCTIONS AS INDICATED TO SOLVE FOR EACH ANSWER!

PLEASE USE EXCEL FUNCTIONS AS INDICATED TO SOLVE FOR EACH ANSWER! 2

2 Face Amount 3 Number of Years: 4 Stated Interest Rate: 5 Interest payments per vear 6 (Note: the bonds pay interest semi-annually.) 500,000 15 8% 2 8Required: 91) Given the different market interest rates below, calculate the following items 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (fx). Note: Enter all 1 function arguments as cell references 12 13 a) Market Interest Rate: 14 Annual Interest Payment: 15 Bond Selling Price: 16 17 b) Market Interest Rate: 18 Annual Interest Payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 9% 6.0% 23 The bond in (a) sold at a: 24 The bond in (b) sold at a: 25

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